Is the discrimination worth it as a deterrent? Or is it just to save the instance companies $$$?

  • pleasemakesense@lemmy.world
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    1 year ago

    Let’s say your mental health issues has been known before you took out the policy, would that affect the payout regardless of time between taking it and the suicide?

      • Kungolicious@lemmy.world
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        1 year ago

        Typically no. Life insurance companies don’t like anything regarding mental illnesses. Largely because it’s under researched, so they just say “no thanks.”

      • Earthwormjim91@lemmy.world
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        1 year ago

        If they even underwrite it and don’t just decline coverage anyway.

        My wife got declined for being underweight by 10lbs. No way they underwrite someone with documented suicidal ideations.

        • Kungolicious@lemmy.world
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          1 year ago

          I’m not sure what you mean by underwriting it and declining coverage anyway. But you’re correct, it is challenging to get somebody approved for taking medication relating to anxiety/depression. If they have a history of being hospitalized, they will not approve the underwriting.

          It’s surprising that your wife got declined for being 10 lbs under weight. If that was truly the only problem, I’d be able to get that approved through just about anybody. Which company did you use?